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Taking the plunge. My journey as an O/O.

Discussion in 'Ask An Owner Operator' started by Farmerbob1, Jan 7, 2019.

Page 163 of 256
  1. Jul 13, 2020 #1621
    DUNE-T

    DUNE-T Road Train Member

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    And you want to trade in already?
     
    DUNE-T, Jul 13, 2020
    DUNE-T, Jul 13, 2020
    #1621
    Farmerbob1 Thanks this.
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  3. Jul 13, 2020 #1622
    Scooter Jones

    Scooter Jones Road Train Member

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    Apr 19, 2011
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    Yeah, what's wrong with that? lol
     
    Last edited: Jul 13, 2020
    Scooter Jones, Jul 13, 2020
    Scooter Jones, Jul 13, 2020
    #1622
    Midwest Trucker and Farmerbob1 Thank this.
  4. Jul 13, 2020 #1623
    Cat sdp

    Cat sdp . .

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    Apr 8, 2012
    Orion's Belt
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    There you go........:)
     
    Cat sdp, Jul 13, 2020
    Cat sdp, Jul 13, 2020
    #1623
    Rideandrepair, Farmerbob1 and sealevel Thank this.
  5. Jul 13, 2020 #1624
    Eldiablo

    Eldiablo Heavy Load Member

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    Jul 15, 2016
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    I wasn’t putting anyone down for trying to work for themselves but when you can make lots more money working for someone else and no headaches at some point you pull the plug and go to a company. Cobb vantress has drivers making 80+ a year and they don’t usually work 4 maybe 5 days a week. It’s team driving though. I wouldn’t do it myself but some people don’t mind it. Theirs lots of places that pay good money and full benefits. He’s not making any money at 1.35 a mile. It doesn’t take a math whiz to figure that out. If he doesn’t have any breakdowns he will show some profit but as you can see breakdowns happen. Yea sure some lease purchasers have made it but at what cost? He could work at a good paying place for 4-5 years and pay cash for a truck. Not everyone is going to have their own business. It’s just they way it is. I just can’t stand to see people get screwed by these Megas and that’s all he’s getting. I hope him the best.
     
    Eldiablo, Jul 13, 2020
    Eldiablo, Jul 13, 2020
    #1624
    Rideandrepair and Farmerbob1 Thank this.
  7. Jul 13, 2020 #1625
    sealevel

    sealevel Road Train Member

    2,664
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    May 31, 2012
    U.S. 41
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    Man I have been fd so many times, whenever I walked into a shop I would start uncontrollably squinting my eyes and stuttering. Lol. Had to take matters into my own hands. It's all you can do. Live and learn kind of thing.
     
    sealevel, Jul 13, 2020
    sealevel, Jul 13, 2020
    #1625
    Cat sdp, Rideandrepair, Farmerbob1 and 1 other person Thank this.
  8. Jul 13, 2020 #1626
    Farmerbob1

    Farmerbob1 Road Train Member

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    No. Crete is where I am starting, not where I plan to be. Right now, Crete is giving me plenty of miles and I'm easily paying all my bills and living comfortably. Once the truck note is paid off, I will begin looking elsewhere - probably either Landstar or Schneider Select, where I can use their load boards.

    I was planning on doing this earlier this year, but an engine rebuild and several other not-insignificant mandatory repairs threw me back more than half a year on the plans.
     
    Farmerbob1, Jul 13, 2020
    Farmerbob1, Jul 13, 2020
    #1626
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  9. Jul 13, 2020 #1627
    Farmerbob1

    Farmerbob1 Road Train Member

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    At this point I am not learning a great deal, true, but I have not paid off the truck, and Crete is still giving me plenty of miles to pay the note and pay myself.

    When the note is paid, I will start to look to move to a different company where I can use their load boards. That's been the plan since day 1, though paying off the note was severely delayed due to an engine rebuild at the end of last year.
     
    Farmerbob1, Jul 13, 2020
    Farmerbob1, Jul 13, 2020
    #1627
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  10. Jul 13, 2020 #1628
    Farmerbob1

    Farmerbob1 Road Train Member

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    Most people will find it very difficult to buy a new truck as their first truck. I looked into it. I could have done it, but the offered rates were... not anything I'd accept.

    After dealing with a used truck for a year and a half now, I can tell you that my next truck will be either new, or with less than 100k miles and lots of MFG warranty on it.

    Used mega trucks are abused and maintenance badly deferred. Then the new owner gets it and everything starts to fall apart.

    Better to buy new and only pay for routine maintenance, and let the dealerships fix all the things that break. Since the mega-model is what they sell their trucks into mostly, the trucks are engineered to go 400-500k with few problems.

    So, the best o/o business model for new trucks, if you can get decent financing, is to do it the way the megas do. Once you get to 400-500k miles, sell it or trade it in on a new truck.

    That's my future plan, but I've put so much money into this truck at this point that I'm going to stay in it for at least another year or so, even after it's paid off, unless something fails catastrophically.
     
    Farmerbob1, Jul 13, 2020
    Farmerbob1, Jul 13, 2020
    #1628
    Midwest Trucker and Rideandrepair Thank this.
  11. Jul 13, 2020 #1629
    DUNE-T

    DUNE-T Road Train Member

    6,941
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    May 10, 2015
    Detroit, MI
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    After the engine rebuild, you can stay in it for another 5 years. Rear ends should be fine, all you will need to do is tranny and clutch for about $6k (if you don't go to a dealer of course) and then wear and tear items (brakes, air bags, shocks, starter, generator, e. t. c).
     
    DUNE-T, Jul 13, 2020
    DUNE-T, Jul 13, 2020
    #1629
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  12. Jul 13, 2020 #1630
    Farmerbob1

    Farmerbob1 Road Train Member

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    Clutch was already done as well, LOL, just a couple months ago.
     
    Farmerbob1, Jul 13, 2020
    Farmerbob1, Jul 13, 2020
    #1630
    Dave_in_AZ, Rideandrepair and DUNE-T Thank this.
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